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Documentation required for a foreigner to buy a motorbike in Thailand
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Can you help me do TM30 online
Yes sir, as you need to do your first 90 day report in person after entry from abroad, then you can do it online thereafter. The rejection notice should have stated that. -
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Don’t kill the golden goose! Tax reforms may drive away expats
When retirees bring in money from abroad, it has a much bigger impact on the local economy than it might seem at first glance, thanks to the multiplier effect. That money doesn't just stop at the initial spending, whether it's rent, healthcare, or leisure. Each dollar spent circulates through the local economy, generating income for businesses and workers, who in turn spend it again. This creates a chain reaction of increased consumption, amplifying the economic impact. So, while retirees' remittances may seem small compared to GDP, their effect can be much larger due to this repeated spending cycle. -
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Trump: “There Will Be No Third Debate!”
Trump did not leave the Biden administration an epidemic. Since very obviously Trump had no responsibility for the epidemic ocurring, logically he cannot be held responsible for the epidemic. It is completely untrue. -
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Trump: “There Will Be No Third Debate!”
Made in Poland by a French Company, don;t forget PH -
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【2025〜Breaking News】Law to tax income from overseas in the works
I think, Many farangs will probably leave Thailand. This is because Thailand's personal income tax is one of the highest in the world. Since foreign-sourced income is taxed in Thailand, many digital nomads will also leave Thailand. --------------------------------------- The Thai Revenue Department is drafting a law to tax the income of individuals residing in Thailand that originates from overseas. The draft follows the international principle of worldwide income under the residence rule, said Kulaya Tantitemit, the director-general of the department. This principle holds that income earned by an individual, regardless of its source country, must be taxed by the country where the individual resides for a specified period. Official backs negative income tax concept Ms Kulaya said the proposed amendment would specifically target personal income tax and would not include corporate income tax or income from mutual funds investing abroad, except for private funds. If and when it is enacted, the new law would follow a major change that took effect this year in the way income from foreign sources is treated for tax purposes in Thailand. Current tax law calls for individuals who reside in Thailand for more than 180 days per year to pay taxes to Thailand on income earned locally and also on any income earned abroad that is brought into the country. Previously, if an individual met the 180-day tax resident requirement and had foreign income, they paid personal income tax on that income only if it was brought into the country within the year it was earned. This rule was revised effective from Jan 1, 2024. Tax is now payable on foreign income regardless of when it is brought into the country. To give an example, Mr A sold shares in an overseas company in 2020, realised a capital gain and banked the money in an overseas account. If he brings the proceeds from that capital gain into Thailand in 2024, he must report it as assessable income when filing a tax return. Expats in Thailand, meanwhile, have raised questions about tax treatment of pension income from past employment when that money is brought into Thailand. If this money is taxed in their home country and that country is one of the 61 that have agreements with Thailand to prevent double taxation, in theory there should be no problem. But debates about interpretation of the law are ongoing. Ms Kulya said that in practice, collection of tax on foreign income will depend on international cooperation and information exchange. Thailand is already a member of the tax information exchange group spearheaded by the Organisation for Economic Co-operation and Development (OECD). Section 41 specifies that individuals who have assessable income under Section 40 in the previous tax year from duties, work or business conducted in Thailand, or from the activities of an employer in Thailand or from assets located in Thailand, must pay taxes according to the provisions of this section, regardless of whether the income is paid within or outside the country. Individuals residing in Thailand who have assessable income under Section 40 in the previous tax year from duties, work or business conducted abroad or from assets abroad, are required to pay income tax according to this provision when that income is brought into Thailand. Minimum corporate tax In addition, Ms Kulaya said the department is drafting a law to set a minimum corporate tax rate, following international agreements led by the OECD. The principle of a global minimum tax (GMT) is to ensure that large multinational corporations pay a minimum tax rate of 15% worldwide in the countries where they operate. If a corporation pays less than 15% in any given country, it must pay additional tax to bring the total up to 15% in the country where its parent company is headquartered. The GMT agreement applies only to multinational companies with global revenues exceeding €750 million ($870 million) per year. In the first 11 months of the 2024 fiscal year, the Revenue Department collected 1.963 trillion baht, exceeding its target by 0.4% or 8.44 billion baht. The good performance was attributed to government measures to stimulate consumption, such as the easy e-Receipt programme, which increased the collection of value-added tax from domestic consumption. Ms Kulaya said she expects that by the end of this fiscal year on Sept 30, the department will have met its target of 2.28 trillion baht. For fiscal 2025, which begins on Oct 1, the Ministry of Finance has tasked the department with collecting a total of 2.372 trillion baht. -
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Trump: “There Will Be No Third Debate!”
Trump wasn't responsible for the pandemic but he sure was responsible for the handling of it, which was what she was referring to. And everyone (even WSJ, FOX) gets that except you. -
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Trump: “There Will Be No Third Debate!”
Fact. Nothing untrue about that. It might not have been the case though if people would have simply taken his brilliant advice: “I see the disinfectant, where it knocks it out in a minute, one minute. And is there a way we can do something like that, by injection inside, or almost a cleaning? Because you see it gets in the lungs, and it does a tremendous number on the lungs. So it’d be interesting to check that. So, that, you’re going to have to use medical doctors with. But it sounds interesting to me.” 🤣😂🙄🤮🤢 -
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Trump: “There Will Be No Third Debate!”
No, you are wrong, alas, marin. Kamala Harris did not say Trump left America an epidemic. And if she had said that she would of course equally be lying. What Kamala Harris actually said was: "Donald Trump left us the worst public health epidemic in a century." https://abcnews.go.com/Politics/harris-trump-presidential-debate-transcript/story?id=113560542 She was not talking about "America", she was talking about her administration. That was the subject of the exchange. And to say that Donald Trump left any administration an epidemic is a lie. Trump is not responsible for the pandemic. -
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Trump: “There Will Be No Third Debate!”
Posts using derogatory and toxic nicknames or intentional misspelling of people’s names will be removed. If you don’t want your post to be removed, spell people’s names correctly, this applies to both sides of the political debate. A post with a trolling image has been removed. -
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Latest carmaker to scale back its EV ambitions amid slowing sales
Odd are stacked against you, but time will tell. I doubt we will even see 3 months in a row with 20% EV market share. -
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